Business Services Industry
Heidrick on track despite exec shifts. (Heidrick and Struggles)
Crain's New York Business, June, 1997 by Temes, Judy
Company's move from star system to broader management pays off Superstar recruiter Gerry Roche may be getting ready to hand over the reins at the world's No. 2 head-hunting firm, but his company is not suffering in the process. Indeed, a year after Heidrick & Struggles anointed 48-year-old John Thompson to the position of vice chairman in a move that was widely seen as a transition to new leadership, the firm has leaped ahead of arch rival Spencer Stuart, and is fast catching up to industry leader Korn/Ferry on the domestic front.
Revenues rose 24% last year - outpacing the industry's growth of 17% - to $200 million worldwide. The firm is on track to grow to $225 million this year, its executives say. The gains are in contrast to what many had expected from a firm...
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